The company's purpose is: trade in watch movements and manufacture of watch components; production and trade in watches. Within this framework, the company may: - carry out any financial, commercial or industrial activity, whether movable or immovable, directly or indirectly related to its purpose or likely to promote it; - create branches and subsidiaries in Switzerland and abroad; - participate in any undertaking having a direct or indirect connection with its purpose; - grant loans or guarantees to shareholders or third parties in the interest of the company.